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From Index Universe:

ProShares continued rolling out its expanded lineup of international funds last week, launching Short (AMEX: EUM) and UltraShort (AMEX: EEV) ETFs tied to the MSCI Emerging Markets Index on November 1.

Those funds joined the Short MSCI EAFE (AMEX: EFZ) and the UltraShort MSCI EAFE (AMEX: EFU) ETFs, which launched on October 25, and will soon be joined by UltraShort MSCI Japan (AMEX: EWV) and UltraShort FTSE/Xinhua China 25 (AMEX: FXP) funds.

ProShares' Short family of ETFs seeks to provide the inverse (-100%) of the underlying index's daily return ETFs, while the UltraShort ETFs looks to return -200% of the benchmark's daily return.

So far, the funds haven't accumulated much in the way of assets, but that is expected to change over the coming weeks. ProShares' broader lineup of domestic-equity-leverage ETFs have accumulated over $9 billion since launching 16 months ago. Given investors' huge interest in the international markets, the new funds are expected to be a hit as well.

Written by Matthew Hougan

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    New ETFs needed. Several ideas not addressed here or in mkt.
    Need inverse TLTs. Need XAL etf. Need inverse XBD.
    Need Canadians to develop a Jr. Explorers Precious Metals ETF.
    2007 Nov 07 12:03 AM | Link | Reply